Basic Arts Of Financial Management 2nd Edition

Out Of Print... This book is essential reading for managers: * Every business decision has financial considerations and is made against financial criteria * Money is the essence of business and not just an aspect of it * Every manager requires an awareness of the financial consequences of his decisions This book is written from the viewpoint of the manager rather than the accountant: * It seeks to explain and analyse financial data and their relevance to decisions made * Commonsense prevails over convention and jargon is minimised * Coverage is comprehensive: the balance sheet, costing, pricing, corporate obiectives, financial management, management ratios, profit and cash flow * Important distinctions are made between profit (often subject to arbitrary factors) and cash (which is factual) and between cost and value. * It will enable the manager to communicate more effectively with accountants This book is aimed at managers with general business experience and all executives and self-employed businessmen with no formal financial training. It is also ideal for students studying finance and general business subjects. The first edition, published in 1974 and reprinted in 1975 was very favourably received and has sold all over the world. This NEW edition incorporates a number of suggestions from readers, including an extensive glossary of accounting and financial terms and the first chapter has been extended to include a simple explanation of the principles of book-keeping. The book has been brought up to date wherever necessary and the latest position on inflation accounting is explained.